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Professional corporations are those owned and operated by licensed professionals, like doctors, lawyers, and architects.
Professional corporations (PCs), or professional service corporations, are a unique corporate structure which is comprised of a specific group of professionals. An S corporation or a C corporation may be formed by certain professionals including physicians, attorneys, engineers, or accountants.
Pretty much anyone can form a regular corporation. Professional corporations, however, are more limited, as only certain professional groups can form one. Which professions qualify varies from one state to the next, but typical professions include doctors, attorneys, chiropractors, accountants, and similar trades.
Professional corporations provide a limit on the owners' personal liability for business debts and claims. Incorporating can't protect a professional against liability for his or her negligence or malpractice, but it can protect against liability for the negligence or malpractice of an associate.
The articles of incorporation may be filed online or by mail. The filing fee is about $100 and will usually take about 3-5 business days to complete. Online expedited filing is available for an additional fee.
Filing Requirements Required documents: The state of Oregon requires businesses to file Articles of Incorporation with the Secretary of State. Turnaround time: In general, turnaround time for incorporating a business in Oregon is 3-5 business days.
In the state of Oregon, filing the articles of incorporation with the SOS will legally create the corporation. Each corporation registered in Oregon must have a registered agent appointed to it. It's important to create a corporate records book in order to keep track of significant papers, including: Stock certificates.
Oregon. To obtain copies of your company's articles of incorporation or articles of organization online, visit Oregon's Secretary of State's website. If copies are not available online, complete this form and follow the instructions.
Professional corporations may exist as part of a larger, more complicated, legal entity; for example, a law firm or medical practice might be organized as a partnership of several or many professional corporations.
Articles of organization Oregon is a document that limited liability companies (LLCs) must file with the Oregon Secretary of State's corporation division to be authorized to operate in that state. This document is also called articles of incorporation.